Sony Earnings: Firm Projects 16% Rise in Profit

TOKYO—Sony Corp. said it would deliver a 16% rise in net profit for its current fiscal year, making operational improvements to stop the bleeding at its electronics business.

In the next step of Chief Executive Kazuo Hirai's campaign to turn around the electronics maker, Sony pledged to reverse losses at its long-struggling television-set division, accelerate growth at the company's smartphone business and roll out Sony's...